Owner Events of Default. The following circumstances shall constitute events of default on the part of Owner (“Owner Events of Default”) under this Agreement: (a) the bankruptcy, insolvency, dissolution, or cessation of the business of Owner; (b) a material failure by Owner to perform its obligations hereunder which continues for thirty (30) Days after Owner’s receipt of Notice of such failure, unless Owner commences to cure such failure within said thirty (30) Days and either cures or continues to diligently attempt the cure of such failure; or (c) a default by Owner in its payment obligations to Operator, unless Owner has cured such breach within thirty (30) days from receipt of Notice from Operator.
Appears in 2 contracts
Samples: Operation and Maintenance Agreement (Cheniere Corpus Christi Holdings, LLC), Operation and Maintenance Agreement (Cheniere Corpus Christi Holdings, LLC)
Owner Events of Default. The following circumstances shall constitute events of default on the part of Owner (“Owner Owner(“Owner Events of Default”) under this Agreement:
(a) the bankruptcy, insolvency, dissolution, or cessation of the business of Owner;
(b) a material failure by Owner to perform its obligations hereunder which continues for thirty (30) Days after Owner’s receipt of Notice of such failure, unless Owner commences to cure such failure within said thirty (30) Days and either cures or continues to diligently attempt the cure of such failure; or
(c) a default by Owner in its payment obligations to Operator, unless Owner has cured such breach within thirty (30) days from receipt of Notice from Operator.
Appears in 2 contracts
Samples: Operation and Maintenance Agreement, Operation and Maintenance Agreement (Cheniere Energy Inc)
Owner Events of Default. The following circumstances shall constitute events of default on the part of Owner (“Owner Events of Default”) under this Agreement:
(a) the bankruptcy, insolvency, dissolution, or cessation of the business of Owner;
(b) a material failure by Owner to perform its obligations hereunder which continues for thirty (30) Days after Owner’s 's receipt of Notice of such failure, unless Owner commences to cure such failure within said thirty (30) Days and either cures or continues to diligently attempt the cure of such failure; or
(c) a default by Owner in its payment obligations to Operator, unless Owner has cured such breach within thirty (30) days from receipt of Notice from Operator.
Appears in 1 contract
Samples: Operation and Maintenance Agreement (Cheniere Energy Partners, L.P.)
